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20121001
20121009
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CNBC 4
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CNBC
Oct 1, 2012 4:00am EDT
in a nutshell was allowing the banks to abuse certain laws in order to put in the books some interesting income actually as dividends. so they were paying less taxes. this is again manipulating somehow the laws. now the bank unicredit has actually plea bargained and has paid 265 million euros. the fraud was for 245 million is what these defendants are being accused of. and the bank did it not because they admit to wrongdoing, but because they did say that was just going to be a very long and drawn out case that they didn't want to have to deal with. on so now these defendants, 19 plus profumo. he says there was no wrongdoing and he's waiting with confidence that the justice system takes its course. note just in a few days, he is expected to take on more responsibilities at his new job which is chairman at italy's oldest and most troubled bank. he will expand his duties so he's being closely watched right now. back to you. >> all right. that's the late he is out of the trial in milan. we'll take a short break. still to come, american golfers feeling a little blue after the european stage an amaz
CNBC
Oct 5, 2012 6:00am EDT
. the current law doesn't do very much explicitly about health care costs. eventually somebody will have to reduce the volume of services or reduce the price of services. >> so what are you telling investors, buy hospital stocks, don't buy hospital stocks, by the good ones? how do the insurance companies fair? >> insurance companies win almost no matter what happens. so that's fine. >> there's medicaid advantage. >> right, medicaid, medicare. >> is there a head k medicaid advantage? >> medicaid hmos lose it if obamacare gets repealed because they're going to expand medicaid, as well. >> expand it greatly. and it's not block grants. a federal expansion. so what's your favorite stocks? >> my favorite stocks are the ones that are not that impacted by federal policy. united health, intuitive surgical. genetic analysis companies do well. but not completely unrelated to reform. and you can always go outside the u.s., too, if you want. so i guess you're not moving to france if about obama wins. >> alec baldwin didn't move, i'm not moving. we say things when we're upset and then we don't really
CNBC
Oct 2, 2012 4:00am EDT
of the world. because people want to believe. people want to believe in the rule of law for business. there was a great hope in many of the same 200 business people would say something and he didn't. and people want to hear something that there are changes of a foot. >> which brings us back to that point and whether we'll get anything more this afternoon. >> well, jim is absolutely right. trading at almost 50% it is count to a country like brazil. there is substantial it is count that is the intrinic rush of russia. one of the steps that the government is taking is to really be more open, more transparent. this event with direct access to the heads of the government and there are also several key ministers joining us. it's a way to try to convince capital that of course there are some concerns, but there is also great opportunity for business in russia. conditions and valuations are extremely attractive compared to other bric countries. >> ricardo, thanks for that. jim, thank you, as well. >> thanks for having me on. >> jim o'neill. as far as european stocks are concerned, after good
CNBC
Oct 1, 2012 6:00am EDT
a charter school law. we've only got about -- >> charter school law that says what in. >> that charter schools are allowed. we have ten states where you can't have a charter school, you can only have public schools, the standard. >> but the money we throw with at education, with what we spend if you did it the right way. >> we spend way more than anybody else. one of my sideline activities is running a charter school system out of arizona, we just opened our first school in washington, d.c., school name is basis. we've got two other top high schools in the u.s. in a ten-year-old charter school system. it's possible to do it. we don't hire teachers, we hire content experts for the classroom, we put some degree of tension in the classroom. we have international expectations. kids, we were all kids once, kids jump as high as you ask them to jump, and the basic problem in our education system is we set the bar so deangelo they don't have to work to get over it. >> put tension in the classroom? >> you pay teachers for performance, and you tell kids you don't pass the test, you don't move fo
Search Results 0 to 3 of about 4